Small Business Loans

Bank Statement loans, Small business loans, working capital loans, equipment loans, equipment refinance loans, and more are available from $5,000 to $150,000 quickly and easily for cash flow, expansions, advertising, inventory, taxes, equipment, or any reason against just your company’s sales, existing assets, or receivables, with realistic and very flexible credit requirements!

Why use alternative small business loan services?

  • Tough transactions are made routine through leaseback and bank statement loans program
  • Application is Fast and easy. Generally only a one page application.
  • Unsecured cash flow programs widely available!
  • Quick approval and funding process.   The revenue loan and gross sales loan are as fast as 2 to 3 business days.   The equipment refinance loans can be completed as
    quickly as 3 to 5 business days.
  • No upfront or processing fee.
  • Traditional programs have a high decline rate.   We have a high approval rate.
  • Your request will be handled by an experienced industry representative throughout the process.
  • You only have to be in business for 3 months for the business bank statement loan program.
  • Low credit scores accepted with no minimum credit scores for several programs.

Click below, or on our “Contact us” in the menu row at the top of the page and one of our highly experienced industry credit representatives will contact you to review your small business loans needs, funding options and immediately begin the funding process.

Call Toll Free: 855-787-1113  or Tel: 919-771-4177 today, or click here to Apply Today!

Small Business Loans Features:

  1. Sales Revenue based Cash Flow programs
    • All businesses have revenue and cash flow, which allows all businesses to pre-qualify.
  2. Asset Based program
    • Almost all businesses have either receivables, or equipment.    Medical equipment, construction equipment, machinery, industrial equipment and computer equipment can be used.

Frequently asked questions:

Question: Which of the small business loans does my business qualify for?

Answer: While the requirements may vary for each program, minimal requirements will allow you to pre-qualify for a number of programs.

Question: How much can we qualify for with one of these small business loans programs?

Answer:  The amount your business can qualify for depends on things such as business and personal credit, time in business, the amount of equipment owned, and the business’ gross sales.

Question: What if I need $100,000 instead of $50,000 and I only qualify for $50,000?  How can I get to the $100,000 total?

Answer: Since there are several funding programs available, you can get $50,000 under the first program funding, then get another $50,000 under a second program. If a customer wishes, they can get the first $50,000 under the equipment refinance program, then get the second $50,000 under the Gross Sales Program,  also known as the Bank Statement finance or Bank Statement lending program.

Question: Do you offer approvals that are just in the company name for which a guarantor is not required?

Answer: Yes, we offer what is referred to as “Corp Only” approvals. These are approvals for small business loans that are just in the company name. They are based on the time in business, business credit, and in some cases, bank statements or financial statements.  A business must have over 5 years in business, strong business credit and strong financials to qualify for this funding.

Sample Small Business Loans Transaction:

Reno Dental Associates requested $75,000 for remodeling and debt consolidation. They completed the online application including listing of their receivables and equipment, including Dental delivery stations, X-ray equipment and hand pieces.

Reno Dental was approved for $50,000 based on their equipment and time in business. Loan docs were E-Mailed to the customer. The customer return overnighted the original documentation. A final verbal phone verification was completed with the customer and funds were wired to the customer within 24 hours.

The customer still wanted more funding.  They provided their most recent 3 months business checking account statements and were approved for $30,000 based on their cash flow. Loan documents were E-mailed to the customer. The customer faxed back the completed loan documents. A final phone verbal confirmation was completed with the customer and funds were wired into their account within 48 hours. The customer obtained all the funding they needed.

Other advantages of our programs include significant tax advantages. Payments on the asset based loans may be 100% deductible. This program is set up in part as a lease which allows for this type of write off.

Assets are used as collateral but only a small part of the business owners assets are used for any transaction. In most cases, only a fraction of their equipment is used. This compares very favorably to most other programs for which either Real Estate, all of the company’s Accounts Receivables, or the entire assets of the business are held as collateral.

There are often significant tax advantages for the asset based program, comparable to the traditional home mortgage deduction. The equipment refinance is set up in part as a lease in many cases. This allows the customer to deduct the entire payment instead of just the interest portion of the payment. This give the customer additional options in lowering their net income figure.

Credit Corner – How valuable are Co-Signers? Co-signers are generally not as valuable to a loan application as most applicants think they are. The primary reason is that in many cases, co-signers are only offering their signature to help someone else obtain a loan. In these cases, the co-signer will not benefit from the loan, yet is taking a risk.   If the loan goes in arrears, the co-signer is looked at to repay the loan. In many of these cases, the co-signer is far less motivated to pay back funds that went to another person or another company. Lenders are well aware of this and often do not value co-signers as much as the owners or primary signers.

There are some exceptions to this. If the co-signer on one of the small business loans in the portfolio is the father or mother of the primary signer, or spouse of the primary signer, that often carries more weight than if they are not a close relative.    One exception to this is if the co-signer has a strong net worth.  If a Co-signer is offered and they have a strong net worth, then the lender will be more interested in accepting such a co-signer.    If a Co-Signer has a strong net worth and they want to back the primary signer, they should provide a personal financial statement.   This will make approval more likely and the borrowers may be able to negotiate better terms.

Small business loan resources

SBA Community Blog and Forum – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.

Learn more about the types of financing. Choose one of the funding categories to begin:

Thank you for visiting our small business loans resource page!

Market  Updates

Do you need help getting a business loan?   If you and your business has experienced going to traditional banks or alternative lenders and not fitting into one of their programs we have some options and free counseling.  Find solutions, learn and understand which programs are best to help getting a business loan for your business.

You will learn about several options that will help you solve your company’s cash flow needs.  Call us Toll Free at: 855-787-1113 or Tel: 919-771-4177.

Options for help getting a business loan include options based on assets such as equipment assets, and based on just the sales of your business.

We will discuss your company’s particular situation and needs.  We will help you determine what the best funding options are for your business.   Once that is identified, we will
help you get together any paperwork you need for that program and get you started.
Most businesses have the easiest time qualifying for either the loan against assets or the loan against equipment.

Many businesses that have been denied financing due to either unacceptable credit, collateral or financial statements have complained that if they have significant sales, so why can’t they get funding against their sales?   We agree.   We have assistance programs that provide help “getting a business loan” through just your company’s revenues or equipment.   The funding functions similar to a business line of credit.   The approval is based mostly on the business’s total monthly deposits, average daily balance and time in business.

We will provide help getting a business loan by assisting your business with the processing.  Just provide your most recent 3 months complete business checking account statements and a short one page mini-app.  Other ease of program include:

Fast and easy processing
No financial statements to provide
Easy personal credit and time in business requirements
Quick funding through a wire into the business checking account
within one to two business days.

Approvals are up to 125% of the total monthly deposits.  If a business deposits $50,000 per month, the business may qualify for up to $62,500.  The amount they will qualify for will depend further on the time in business and average daily balance.   Terms are between
3 and 18 months, while most approvals are for 6 and 9 months.  The customer can borrow and repay repeatedly.   Once the customer pays the original balance down to about 40% of the original balance, they can borrow against the line again.   The best way for help getting a business loan is to get the assistance of an experienced representative.  Early payoff is limited and the customer will not get much of a discount.

bank statement
bank statement

We need to talk about time in business.  The business only needs to be operating for 9 months, though any time in business more than 2 years means you will have more of a chance of being approved and increase the approval amount.   All other things equal, a business that has been in business for 3 years will get
higher approvals than a business that has been in business for
only 6 months.

There are more choices for help getting a business loan through the loan against assets program.  A business can get working capital using either their computer electronic equipment, machinery, industrial equipment, construction equipment, dental equipment or medical equipment.  Loan sizes are from $10,000 to $250,000, with just an application only for most cases up to $40,000.   The business just provides a one page application and equipment list.   Up to 75% of the current value of the equipment can be obtained.

Terms are 24, 36, 48, or 60 months.   There are early payoff options, although they are not favorable or give a large discount for early payoff.   The funding is set up either as a lease or an equipment finance agreement.  Leases are designed to provide the biggest deductions but are not the best for early payoff.

Call us Toll Free for help getting a business loan.  Call us at Toll Free: 855-787-1113 or Tel: 919-771-4177 today.

Sample transaction in which a business received help getting a business loan.

Sparks Engineering needs $50,000 in working capital.  They complete a one page application and equipment list.  The list includes technical equipment such as measuring instruments as well as computer equipment, including Servers, technical engineering software and hardware.

Their bank statements show they are depositing an average of $60,000 per month.   They are approved for $30,000 on a loan based on bank statements and $30,000 on a loan against their equipment.   The $30,000 loan based on bank statements is for 9 months.  The loan against equipment can be done for 24 to 60 months.   Sparks Engineering does not want to have the entire $50,000 financed for only 9 months because the monthly repayment would be too high.   They decide to take $20,000 with a 9 month term and $30,000 with a 36 month term.

Both sets of documents are E-Mailed to the customer.  They complete and return the docs.  After the docs are checked for accuracy, a final verbal verification is completed with the customer.  Once the customer confirms the transaction, funds are wired into their account within 24 to 48 hours.

Frequently asked questions:

Question: How much of a loan can we get?
Answer: The amount depends mostly on the amount of your business’s sales, the amount of equipment the business has, the time in business, and the credit.

Thank your for visiting our help getting a business loan resource page!

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